Just after I finished my Background Info on National Debt post, I ran across this from James Galbraith at New Deal 2.0. He does a nice job of pointing out some of the errors of the "oh-my-god-the-deficit-is-going-to-destroy-us-if-we-don't-cut-grandma's-social-security" crowd. For those not aware, Pete Peterson is a billionaire that has spent millions trying to frighten people … Continue reading More re: National Debt
Day: February 11, 2011
Background Info on U.S. National Debt
This is another post in response to a student request. Here are some links that provide background information about the U.S. national debt. First, the definitive sources: for the exact amount of debt by year: U.S Treasury Direct - Reports: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm this site also has links, graphs, charts on the makeup of the debt by … Continue reading Background Info on U.S. National Debt
EconProph 